Director, Private Credit Funds & Direct Lending

KBRA; Chicago (IL); Hybrid; USD 150,000 - 175,000; Full time

Benefits offered by this job

Hybrid work schedule

Benefits and PTO

Family and disability leave

401(k) with match

Professional development support

Referral bonus program

Job summary

KBRA is seeking a Director to join the Corporate Credit Funds team in the Chicago office. The role focuses on leading the new issuance rating process, analyzing portfolios of middle market corporate loans, bonds, and other credit instruments, and presenting to rating committees.

The successful candidate will have 8+ years in corporate credit or private credit, strong financial modeling skills in Excel, and a track record in direct lending or structured credit.

Qualifications

• Eight or more years of work experience in corporate credit analysis, private credit, direct lending, fund investing, CLO analysis, or structured finance.
• Experience reviewing legal documents and understanding liability structures, LTV/advance rates, payment priorities, and protections.
• Strong Excel-based financial modeling and ability to project cash flows under stress.

Responsibilities

• Lead the new issuance rating process, evaluating capital structures, protections, collateral, and cash flow.
• Analyze portfolios of loans, bonds, and other credit instruments, including middle market exposures.
• Conduct due diligence meetings with asset managers, lenders, arrangers, and issuers to assess standards and performance.
• Prepare rating memoranda and new issuance reports for rating committees.
• Oversee ongoing surveillance and track portfolio performance and migration trends.
• Develop and maintain complex financial models for collateral performance and stress scenarios.
• Collaborate with KBRA experts across sectors to evaluate cross-portfolio transactions.
• Supervise junior staff and mentor analytical growth.
• Develop analytical tools and frameworks to improve consistency and efficiency.
• Represent KBRA at industry events and contribute to credit research.

Skills

Corporate credit

Private credit

Direct lending

CLO analysis

Structured finance

Financial modelling

Excel proficiency

Communication skills

Time management

Team mentorship

Education

Bachelor's degree in Finance, Business, Economics or Math-related fields

Tools

Excel

Job description

KBRA is seeking a Director to join the Corporate Credit Funds team in the Chicago office. The role focuses on leading the new issuance rating process, analyzing portfolios of middle market corporate loans, bonds, and other credit instruments, and presenting to rating committees.

The successful candidate will have 8+ years in corporate credit or private credit, strong financial modeling skills in Excel, and a track record in direct lending or structured credit.